2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook.
Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.
Bosch inaugurated the second office building built within the Engineering Center in Cluj, following an investment of approximately 21 million euros, over a period of three years. The total investment, started in 2017, in the two buildings of the center in Cluj amounts to over 50 million euros.
Real estate investor-developer Hagag Development Europe appoints Ana-Maria Nemtanu as leasing director. In her role, she will coordinate the leasing activities for the company’s commercial portfolio that currently encompasses a total leasable area of about 18,000 sqm of office and retail space, focusing on increasing occupancy across existing projects, attracting new tenants and managing client relations.
Real estate investments in the first quarter of 2024 reached €205.75 million, up 33% from the same period last year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The top real estate segments attracting the most investments are retail, hotels second and industrial third.
Today's employees are not just looking for a simple job, but for a work environment that offers them a complete experience and allows them to combine work with recreation and relaxation. According to a survey conducted by Genesis Property, out of 1,247 respondents representing multiple generations nationwide, nearly 61% of employees believe the ideal office should be in a campus with many amenities and options for office life and leisure time, with different spaces where they can work according to their needs.
Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania. This strategic move solidifies Baltisse and Straco’s commitment to expanding their presence in Eastern Europe, leveraging SPEEDWELL’s established reputation and expertise in the region.
River Development, one of the local real estate developers, has a new Managing Partner since January 2024, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that CMS Romania, a top law firm and one of its tenants, has decided to extend on a long term its lease contract at One Tower and expand its office space by an additional 350 square meters. This extension underscores the strong partnership between CMS Romania and One United Properties, highlighting the exceptional quality of One Tower office building and the benefits offered within the ecosystem created at One Floreasca City.
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